Ford, eBay, Tesla, Mark, and more

Jim Farley, CEO of Ford Motor Company, walks to speak at a news conference on September 17, 2020 at the Rouge Complex in Dearborn, Michigan.

Rebecca Cook | Reuters

Check out the companies that made headlines in the midday transaction.

Ford Motor – Automaker’s shares rose more than 9% after a great earnings report. Ford Motor, which reported earnings on Wednesday, nearly doubled Wall Street earnings expectations and slightly exceeded revenue estimates for the third quarter. The automaker also raised its annual guidelines for the second time this year.

eBay – The e-commerce company’s stock fell nearly 6.3% after weak fourth-quarter revenue guidance. According to Refinitive, eBay shares topped earnings expectations by 1 cent per share and exceeded revenue estimates.

Tesla – Piper Sandler’s share price continues to rise as its price target on electric car stocks rises to a new road height. The stock rose 3.2%. Piper Sandler raised its share price forecast from $ 1,200 to $ 1,300, signaling a 25% potential uptrend from Wednesday’s close.

Apple, Amazon – Big technology names Apple and Amazon traded higher on Thursday before hours after their quarterly earnings report. Apple rose 2.3%, Amazon rose 2.1%.

Caterpillar – Shares of Caterpillar rose 3.3% after reporting a third-quarter beat in the bottom-line estimate despite a slight revenue loss. The heavy equipment maker recorded earnings per share of 2.66, beating analysts’ estimate of $ 2.20.

Naked Wines – Hedge fund manager Glenn Kutcher jumped nearly 50% in shares of Naked Wines after the company was named the top pick in CNBC’s “Halftime Report” on Thursday. Kachar has formed a 9.9% stake in the wine distributor.

Merck – The drugmaker jumped more than 5% after reporting its quarterly earnings. Merck brought in $ 1.75 per share, beating the estimate by 20 cents, and topped revenue estimates for strong sales of vaccines and cancer drugs.

Anheuser-Busch – Shares of Beer Brewer rose 8.5% after a surprising rise in third-quarter profits. The company has also raised its earnings forecast for the year.

Northrop Grumman – Shares of the defense contractor fell more than 6% after the company’s third-quarter revenue reached $ 8.72 billion, the expected 8.95 billion according to Refinitive. The company has seen year-on-year sales decline in its aeronautics and defense departments. Northrop has exceeded earnings expectations per share.

Twilio – Shares of Twilio have plunged more than 15% despite better-than-expected quarterly earnings results. According to Refinitive, Twilio gained 1 cent per share, better than a 15 per cent loss per share. Revenue also came in the above estimates. However, Twilio predicted expected losses in the fourth quarter. COO George Huo has announced his departure.

Teradine – Teradine stocks rose 11% after a good report of expected earnings. The equipment maker reported a consistent profit of $ 1.59 per share on earnings of $ 950.5 million. Analysts surveyed by StreetAccount expect earnings of $ 1.43 per share on earnings of $ 932.9 million. Teradine also received upgrades from Cowen and UBS following the earnings report.

Tampur Seeley – Mattress Company shares fell 3.7% despite reports of strong quarterly results. Tempur Seeley recorded earnings of 88 cents per share for the quarter, beating estimates by 3 cents. It also reported a revenue beat and a strong sales growth in the international market.

Shares of the telehealth company popped up more than 8% in midday trading after Teladok Health – reported lower-than-expected earnings losses for the third quarter. Teladok lost 53 cents per share, while analysts expected a loss of 65 cents per share, according to Refinitive. The company earned $ 522 million, topping the estimate of 517 million.

ServiceNow – Midday transactions up 3.6% after losing the top and bottom lines of the software company’s quarterly results. ServiceNow reported revenue of $ 1.55 billion on 1.51 billion. Wall Street expects earnings of $ 1.38 per share over $ 1.48 billion in revenue, according to Refinitiv.

American Express – Shares of American Express fell more than 2% when the company announced a new fully digital business checking account and its first business debit card.

– Contributed by CNBC’s Tanaya Mitchell, Maggie Fitzgerald, Eun Lee and Jesse Pound

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